Auxico Resources: diversifying the supply chain in the massive critical elements market
Auxico Resources (CSE:AUAG / OTC:AUXIF) is one of the few companies in the world selling monazite, the essential carrier mineral for rare earth elements deemed critical for economic security.
CEO and President Frederick Kozak explains the rare earth elements carried by monazite include the very difficult ones to produce and pronounce, and those of the highest value including praseodymium, neodymium, terbium, and dysprosium.
Kozak says Auxico’s contribution to the supply chain can help resolve what he calls an economic war with so many elements controlled and produced by the few.
Via its sister company in the Democratic Republic of Congo, Auxico is diversifying the supply chain in a market that has ‘massive demand’. At the same time, it is progressing a resource estimate for its Minastyc Property in Columbia and the processing of its tin tailings project in Brazil.